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Uruguay and oil hopes: a permanent bidding round scheme, after failure of latest auction

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(MercoPress) Uruguay will move towards a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview. Uruguay...
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New Guyanese recruitment firm eyeing opportunities in O&G

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100% Guyanese-owned Strategic Recruitment Solutions (SRS) is gearing up to offer a range of manpower services with special focus on the South American country’s emerging oil and gas sector. Through an “ethics first” approach the company is aiming to be...
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CDC confirms small traces of gas detected in Diamond eruption

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Initial tests conducted on Friday morning at a property at Sixth Avenue, Diamond, East Bank, Demerara, Guyana, where an eruption of muddy substance occurred on Thursday, have shown a small concentration of hydrogen sulfide and methane gas. Director General (ag)...
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Guyana at heart of regional deep water province – Ramnarine

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In what is being described as the emergence of a regional deep water province, former Trinidad and Tobago Minister of Energy and Energy Affairs, Kevin Ramnarine, believes that Guyana lies at the heart of this petroleum-rich geological system. After Tullow...
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Fmr CXC Registrar calls for overhaul of curriculum to cater for O&G

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Senior Assistant Registrar (retired) for the Caribbean Examinations Council (CXC), Dr. Gordon Harewood, said Guyana is on the verge of exciting times in the history of the country. Speaking at a workshop for Senior Education Officials on curriculum review at...
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Brasington bids farewell to Guyana

OilNOW -
ExxonMobil Guyana Senior Director, Public and Government Affairs, Kimberly Brasington’s tenure will conclude at the end of June, after serving a period of three years in the position. She will be taking up a new portfolio in Houston, Texas. https://youtu.be/swGBO3_kJ7g Brasington...
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Guyana vows to honour ExxonMobil deal as countdown to first oil begins

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Speaking at a reception on Tuesday to mark the start of the development phase of Liza Phase 1 in Guyana, the country’s Minister of Natural Resources, Raphael Trotman, said responsible governments do not arbitrarily redefine contract terms with a company...
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Liza Phase 1 development progressing rapidly – ExxonMobil

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The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said on Tuesday. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production...
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Repsol, Total in US$324M deal with Algeria’s Sonatrach

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Algerian energy giant Sonatrach on Monday signed a contract worth 324 million U.S. dollars with France's Total and Spain's Repsol for the development of a gas field in the south of the country. Under the contract, Sonatrach holds a major...
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Support for fund to manage billions in oil revenue growing in Guyana – Commonwealth

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The Commonwealth, which has been playing an integral role in helping Guyana to create regulations, policies and legislation for its emerging petroleum industry says support for a fund to manage oil revenue has grown among key stakeholders in the...
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IMF forecasts another year of double-digit economic growth for Guyana 

Guyana is expected to be one of just two countries in the world to post double-digit economic growth in...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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